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Credit Suisse plans contingent yield trigger autocallables tied to two indexes
By Susanna Moon
Chicago, March 24 – Credit Suisse AG, London Branch plans to price trigger autocallable contingent yield notes due April 2, 2027 linked to the lesser performing of the Euro Stoxx 50 index and the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.
The notes will pay a contingent quarterly coupon at an annual rate of 7.9% to 8.9% if each index closes at or above its coupon barrier, 70% of its initial level, on the observation date for that quarter.
The notes will be called at par if each index closes at or above its initial level on any quarterly observation date after one year.
The payout at maturity will be par plus the contingent coupon unless any index finishes below its 50% trigger level, in which case investors will be fully exposure to any losses of the worst performing index.
UBS Financial Services Inc. is the distributor.
The notes will price on March 29 and settle on March 31.
The Cusip number is 22549A588.
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